US EditionBDC and First Nations Bank of Canada Launch a $100M Initiative to Boost Business Acquisitions
- On June 5, 2025, the First Nations Bank and the Business Development Bank jointly introduced a $100 million annual financing program across Canada to support Indigenous entrepreneurs in acquiring existing businesses.
- The initiative responds to a demographic shift causing over 70 percent of Canadian entrepreneurs to retire within a decade, with many lacking succession plans.
- The program offers loans covering up to 100 percent of business acquisition costs with no official cap and typically targets transactions around $5 million.
- BDC covers up to 85 percent of loan risk, expects interest rates near seven to eight percent, and CEO Isabelle Hudon called the collaboration a key step in economic reconciliation.
- This initiative aims to accelerate Indigenous entrepreneurship growth, improve access to capital, and leverage retiring owners’ opportunities for community wealth creation.
20 Articles
20 Articles
Aboriginal communities should have access to more capital to acquire businesses through a new initiative launched by the Bank of First Nations Canada and the Business Development Bank of Canada (BDC).
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BDC, First Nations Bank launch $100M initiative to support business acquisitions
Indigenous communities are set to get access to more capital to buy businesses as the First Nations Bank of Canada and the Business Development Bank of Canada launch a new initiative.
BDC, First Nations Bank launch $100M initiative to support business acquisitions - The Turtle Island News
Indigenous communities are set to get access to more capital to buy businesses as the First Nations Bank of Canada and the Business Development Bank of Canada launch a new initiative. The two say the $100 million program will make it easier for Indigenous communities and economic development agencies to support Indigenous businesses, and buy more of them. Bill Lomax, chief executive of the FNBC, says the demographic shift that is expected to lea…
Pasqua First Nation Group Of Companies Acquires Controlling Interest In Terminal And Cable TC Inc. - Canadian Manufacturing
MONTREAL — Pasqua First Nation Group of Companies (PFNGC) announces that it has acquired a controlling equity interest of all the tangible and intangible assets of Terminal and Cable TC Inc., a Canada-based manufacturer of wire harness solutions. This transaction was formalized by the creation of Terminal & Cable GP Inc. in order to facilitate a smooth business transition and activity continuation. “This transaction extends beyond having control…
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